Chennai Metro Phase II: Tunnelling to Begin at Kolathur

Pitti Engineering Q1 Revenue Rises 17 per cent to Rs 4.57 Billion

Hyderabad, 7 August 2025 – Pitti Engineering Limited, one of India’s largest producers of electrical steel laminations and machined components, reported robust financial results for the first quarter of FY26, ended 30 June 2025. The company registered a 17 per cent year-on-year rise in revenue to Rs 4.57 billion. EBITDA rose by 30 per cent to Rs 750 million, while profit after tax increased by 17 per cent to Rs 230 million.During the quarter, capacity utilisation reached 82 per cent for machined hours, 70 per cent for sheet metals, and 69 per cent for castings. Sales volume for stator fram..

Godavari Biorefineries Posts Rs 5.34 Billion Q1 Income

Godavari Biorefineries Limited, one of India’s major ethanol producers and a pioneer in ethanol-based chemicals, has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported total income of Rs 5.34 billion for Q1 FY26, compared to Rs 5.25 billion in Q1 FY25 and Rs 5.89 billion in Q4 FY25.EBITDA stood at Rs 65 million, up from a negative Rs 95 million in the same period last year, though lower than Rs 1.22 billion recorded in the previous quarter. The EBITDA margin was 1.2 per cent in Q1 FY26, compared to a negative 1.8 per cent in Q1 FY25 and 20.7 pe..

Odisha Approves Rs 6.18 Billion SiC Plant Support

The Electronics and Information Technology Department of the Government of Odisha has approved fiscal support for Phase 1 of RIR Power Electronics Limited’s Silicon Carbide (SiC) semiconductor manufacturing facility in the state. The Odisha Computer Application Centre (OCAC), acting as the nodal agency, has sanctioned and notified the fiscal support agreement for pro-rata disbursement of capital subsidy to the company.The project was approved by the State-Level Single Window Clearance Committee and the Odisha state cabinet in the previous financial year. The total cost for both phases is est..